The selection of jurisdiction for the registration and obtaining a Forex license comes down to the search for a country with stable economic and political systems, as well as high level of the entrepreneurship support. Belize falls into this category. It could be called one of the most popular economic zones for starting an international business. For those entrepreneurs who need a Forex license, Belize will be the best solution.
This country is perfect for doing investment business. Democratic tax rates allow providing any kind of brokerage services in this jurisdiction. Modern and efficient tax legislation, which is based on the British legal model, can rightly be considered one of the most loyal throughout the world. There is also a specialized regulatory body – the International Financial Services Commission of Belize, issuing licenses and qualitatively governing the provision of services in this field. All this necessarily attracts those business people who are seeking to conduct a legitimate financial activity.
Prior to being licensed by the regulatory body, the first thing you have to do is to register a company. Belize can be attributed to the most reliable and safe offshore jurisdictions. The company registration in this state offers many advantages. The main advantages are as follows:
To enjoy all the benefits of Belize as one of the most loyal and profitable jurisdictions, it is necessary to adhere to certain conditions:
The legislation provides for a fairly simple and fast procedure for entering a company into the General Registry. In this jurisdiction, the registration stages include:
The following documents are necessary to complete the procedure:
The company incorporation in Belize takes a minimum of time. The whole procedure lasts up to two weeks.
The legislation provides for the operation of the International Financial Services Commission of Belize (BFSC). The existence of own financial regulatory body significantly promotes the reputation of a Forex company, which was licensed to operate in this state.
BFSC supervises the companies conducting transactions in the following fields:
BFSC license for doing Forex trading is a package license permitting to perform any brokerage operation while maintain assets of third parties. It may be obtained just for the company that is registered under this jurisdiction. At the same time, the firm obtained this type of permit is subject to strict control and should provide reporting of its operation to the Securities Commission.
BFSC is a controlling financial body recognized throughout the world. A company that is licensed to trade in foreign exchange (Forex license) must adhere to strict requirements as follows:
When applying for a Forex license to BFSC, the payment of a fee amounting to 1,000 US dollars. On the average, the granting of a license takes one to three months.
BFSC sets strict requirements for the companies seeking to get a Forex license. At that, it is crucial to submit a full package of documents when applying to the controlling financial body for a permit to conduct Forex activities.
The list of documents to be submitted to BFSC includes:
The unique legislation of the country offers various advantages to companies obtaining a license for conducting financial activities that is issued by the official financial regulator. The Forex licensing in this jurisdiction is beneficial due to the following reasons:
In any jurisdiction, the existence of a financial regulatory body makes the licensing process more complex and lengthy. Belize is not an exception, because the BFSC sets a number of requirements that can be met and considered only by a professional. Prifinance has considerable experience in successful company registration and Forex license obtaining. In this jurisdiction we provide services as follows: